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+1 (888) 647 05 40From crowdfunding to crypto-companies, capital-holders began to create firms in the FinTech-industry, it is showing unprecedented growth potential still being in its fancy. There’re as yet no determined laws relating to virtual means, but crypto-currencies may be used in a number of operations. To be able to act legally, firms need to possess such a permission as a crypto license in Italy. Below you can find out more about all the conditions for obtaining it.
It will be mandatory to pass registration, regardless of who wants to work with virtual currencies in Italy, whether an individual or an organization. This process isn’t complicated, but there’re some features that differ depending on the choice of activity-scope. Crypto-license gives entrepreneurs opportunities to be involved in next-mentioned:
If you still decide to open a cryptocurrency company in Italy, then do not forget to pay attention to the Anti Illegal Money Circulation Law established by local governmental bodies and international organizations.
Registration of crypto-firms consists of collecting and submitting necessary documents listed in Commercial Code. In order to be able to create, use or sell crypto-currencies, you need to get a permit, such as a Italy cryptocurrency exchange license prior to starting your activity. Additionally, your company will be required to maintain proper accounting records and timely submit a certain list of documents to tax-authorities.
From crowdfunding to crypto-companies, capital-holders began to create firms in the FinTech-industry, it is showing unprecedented growth potential still being in its fancy. There’re as yet no determined laws relating to virtual means, but crypto-currencies may be used in a number of operations. To be able to act legally, firms need to possess such a…
From crowdfunding to crypto-companies, capital-holders began to create firms in the FinTech-industry, it is showing unprecedented growth potential still being in its fancy. There’re as yet no determined laws relating to virtual means, but crypto-currencies may be used in a number of operations. To be able to act legally, firms need to possess such a…
From crowdfunding to crypto-companies, capital-holders began to create firms in the FinTech-industry, it is showing unprecedented growth potential still being in its fancy. There’re as yet no determined laws relating to virtual means, but crypto-currencies may be used in a number of operations. To be able to act legally, firms need to possess such a…
There isn’t separate law for crypto in Italy, but there’re norms for illegal money circulation prevention for deals with digital currencies. It states next-mentioned:
Thus, everyone who is exchanged in crypto-trading must follow the given laws and get crypto exchange license in Italy to act legally.
Recently, Economy and Finance Ministry presented a special order concerning the enrollment in a separate section of everyone who provides crypto-services locally. Organismo Agenti e Mediatori is the establishment enforcing illegal money circulation prevention norms and controlling all deals with virtual currencies.
If you decide to open a crypto exchange in Italy, then you need to familiarize yourself with all laws and rules for passing OAM registration. This process is quite difficult to complete correctly, so we recommend that you contact our specialists, and they’ll deal with getting a permission for your crypto-company.
Crypto-services providers are needed to follow a specific list of reporting duties, which include:
It’s essential to remember crypto-companies not registered with the OAM and start operating without an Italy exchange cryptocurrency license are subject to sanctions. Amount of such a fine can be 10,000 euros or even more. In order to be sure of the correct collection and filing of forms and all actions for registering an organization, turn to our specialists.If you intend to get any information as for opening a cryptocurrency company in Italy, we’ll be happy to advise you. If you need support in submitting documentation for registering a firm, or accounting services, we are ready to provide them to you. In addition, we have an extensive list of shelf businesses and licenses for sale.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.